FBN Capital Limited has been awarded the prestigious 2015 Best Africa Investment Bank Award by the Africa Investor Group, a leading international investment and communications firm. The award which was received at the CEO Institutional Investment Summit and Institutional Investment Capital Market Awards in New York, USA last week was conferred in recognition of the firm’s leading role in power, infrastructure, capital markets and other financing programs over the past year.
Launched in 2007, the award series is designed to recognise Africa’s best performing stock exchanges, listed companies, investment banks, research teams, regulators, socially responsible companies and sovereign wealth and pension fund investors. Commenting on the Award winners, Hubert Danso, CEO and Vice Chairman of Africa Investor, said, “We are delighted to be able to say that this year’s winners are our most exciting yet, and are testament to the ever-improving investment climate in Africa.”
In April 2015, acting as Technical Bank and Structuring Bank, FBN Capital closed Seplat Petroleum Development Company Plc’s US$700 million seven year secured term facility, which included an option to upsize the facility by up to an additional US$700 million for qualifying acquisition opportunities. The firm was also appointed as the mandated Lead Arranger, Structuring Bank, Modelling Bank, Initial Technical Bank and Global Facility Coordinator of the Accugas syndicated medium term loan of up to $445 million, which successfully closed in July 2015; and served as Arranger of the debut Commercial Paper Issuance for Wema Bank Plc, where an effective yield of 16.51%, representing 336bps over comparable FGN Treasury Bills was recorded in the 182 days discounted notes offering.
Speaking at the event, the Deputy Managing Director of FBN Capital Mr. Taiwo Okeowo said, “We are truly delighted to have won this award, which to us is an indication of the positive impact we are making with our clients and partners, locally and regionally. FBN Capital remains committed to ensuring the robustness of local financing and supporting our partners towards realizing their financing and investment goals.
FBN Capital Limited was recognized as the ‘Best Investment Bank in Nigeria 2015’ for the fourth consecutive year by Global Finance Magazine. The firm also received the World Finance Banking Awards as the Best Investment Bank in Nigeria 2014, and the EMEA Finance Africa Banking Awards as the Best Asset Manager in Nigeria 2014.